Supercar Rooms Hosts Miami GP Week For The Big Race In Miami During Formula 1

Supercar Rooms Miami is the world’s first members-only Auto Art Gallery and Curators of Automotive Interactive Experiences. Located in the heart of Miami’s Wynwood Arts and Entertainment District, founded and created by 'Elo,' the British-born automotive visionary. Supercar Rooms Miami houses one-of-a-kind creations such as the 1929 Rolls Royce Bootch, 1961 196 SP Ferrari vintage racing car, 2007 Shelby Supercar Ultimate Aero TT car number 1, 1958 450 S Maserati vintage racing car, and 1955 SL 300 Mercedes Gullwing, to name a few on rotation.

Formula 1 is coming to Miami in spectacular style, and Supercar Rooms Miami presents Miami GP Week. A week of adrenaline, fuel-injected automotive pleasure, a speed fest of action-packed entertainment, and a programmed activation each day to celebrate the automotive culture embedded here in South Florida.

Supercar Rooms Miami invites car enthusiasts to join them on an epic week-long experience with programmed activations each day to celebrate the automotive culture embedded here in South Florida. Teaming up with headline sponsor IWC Schaffhausen and Crypto sponsor Solana, a high-performance blockchain supporting builders around the world creating crypto apps that scale today, E11EVEN Vodka, Sunreef Yachts, and Exotics on Las Olas.

The week commences with:

May 3: 'Paddock Orientation Dinner': an introductory dinner hosted by Supercar Rooms Miami where a special menu is created and served while you network and enjoy the night within the car community. Here you will find out more detail about the upcoming events and start collecting your limited edition merchandise to get you through the week.

May 4: IWC watchmaker private session: Enjoy lunch at an award-winning Michelin star restaurant located in Miami Design District, sip on a cocktail whilst you are immersed into the world of IWC Schaffhausen. A private Watchmaking class will guide you into the world of luxury Swiss precision and detailing. Getting those gears turning you ready to proceed onto the next round... 'Ready, Set, GO!'

May 5: The day starts by clearing out the throttle of your supercar: A convoy of supercars will embark on a 60-mile drive down to the Florida Keys. Which 'Pole Position' will you place? Enjoy a delectable summer lunch and be guests to an EXCLUSIVE IWC unveiling!

May 6: Official Miami GP kick-off party: The weekend is almost upon us! 'Checkered Flag' is the VIP party where we get ready for one of the biggest races in Miami. Prepare for a night of supercars and extravagance. All-access is the theme of the night special guests will be announced very soon!

May 7: Qualification Day for Formula 1 at the Hardrock Stadium: Will run from 11:00 to 4:00 p.m.

May 7: Inaugural Grand Opening of the First-Ever Fabio Lamborghini Lifestyle US Store on Lincoln Road. The event will take place from 2:00 to 4:00 pm. This is a private and invite-only event.

May 7-8: Fabio Lamborghini Miami GP Week Fanfest: Lincoln Road, Miami Beach. 11:00 to 6:00p.m. The fanfest is open to the public and is a celebration of Lamborghini’s heritage in F1 dating back to 1991. Come see a display of Lamborghini’s old and new.

May 8: Holman Fanfest Experience: Join the Holman family of dealerships next to their luxury flagship dealership in Sunrise, Broward for a day filled with food, family-friendly fun, and all the exhilarating action from the racetrack from 11 am to 6 pm.

May 8: Race Day: Supercar Rooms Miami has secured multiple suites at the Hardrock Stadium, to which their members will be attending to watch the first inaugural race of Formula 1 in Miami.

In addition to the above, Supercar Rooms Miami will have additional Red Bull Beach grandstand access to the man-made beach and cabanas for its members. This will be a really fun experience as it will combine both Formula 1 racing in a typical day on the Beach Miami-style.

For more information on how to attend these events please visit the website www.supercarrooms.miami.

Related Group And Tricap Launch NoMad Residences Wynwood With A Casa Tua Cucina

One of Florida’s leading developers Related Group, together with Manhattan-based developer Tricap, have unveiled plans for the NoMad Residences Wynwood, the first residential concept from the global hospitality icon NoMad Hotels and its parent company, Sydell Group.

Known for thoughtfully designed properties, grounded in the idea of ‘creating an artfully lived life,’ NoMad Hotels have captured the imagination of world travelers. The brand’s curated approach has earned countless accolades from media and industry organizations, including NoMad London being honored as one of the city’s top hospitality destinations by Architectural Digest, Conde Nast Traveler and Vogue, as well as the AHEAD Global Ultimate Award for “Best New Hotel in the World” and “Hotel of the Year” at the AHEAD Europe 2021 awards.

“There is no brand better suited for Wynwood,” says Jon Paul Pérez, President of Related Group. “Each NoMad Hotel embraces and elevates its surrounding communities with an artistic spirit that fuels excitement, energy and growth. Along with our partners at Tricap and NoMad, we are set to deliver the only residential experience worthy of this incredible neighborhood.”

Presenting experiences rich in style and mastery of craft, the NoMad Residences Wynwood is the first hospitality infused condominium in the market, drawing inspiration from the brand’s inaugural property in New York City, as well as its award-winning sister hotels in London, Las Vegas and Los Angeles. At the heart of this promise is the property’s best-in-class food and beverage offerings, which include a signature rooftop restaurant and mixology bar concept, The NoMad Bar. The restaurant will be helmed by James Beard Award Winner Leo Robitschek, VP of Food and Beverage at Sydell Group and the former Bar Director for New York City’s three-Michelin Star restaurant Eleven Madison Park.

Andrew Zobler, CEO at Sydell Group and recent Miami transplant, says, "Our team is known for creating unique hotels that feel like home and tell stories of their neighborhoods. As our first fully residential experience, we intend for the NoMad Residences Wynwood to become central to our residents’ life stories and set a new bar for condominium living."

The project will also include an exceptional anchor destination on the ground floor – Casa Tua Cucina. A lighthouse brand setting the standard for a new way of experiencing high-end social dining, ‘Cucina’ is an expansive open-kitchen concept offering simple, yet expertly crafted Italian and Mediterranean fare. A brand whose intention is set on offering meaningful and authentic experiences, Casa Tua Cucina brings soul, craftsmanship and a strong-rooted community to the heart of Wynwood.

“My team and I love Wynwood. The neighborhood is blooming and quickly asserting itself as one of the world’s great communities,” says Casa Tua founder Miky Grendene. “It’s been incredible to work with all the talented teams involved in the NoMad project, all of which share our commitment to simplicity, quality, and service. We cannot wait to deliver a gathering space that’s as vibrant and soulful as Wynwood itself.”

Located at 2700 NW 2nd Avenue, steps from the world-famous Wynwood Walls, the NoMad Residences Wynwood continues the brand’s tradition of blending iconic heritage with new, cutting-edge ideas. The brand’s focus on eclectic, modern design remains a priority, with all interior spaces envisioned by DesignAgency – known for their work with world-renowned brands. Working together with the development team and global award-winning architecture firm Arquitectonica, DesignAgency is committed to delivering spaces that honor and complement Wynwood’s free-thinking aesthetic.

The meticulous attention to detail extends to the bespoke on-site amenities, hand-selected by NoMad’s world-class team. In addition to the showstopping eatery and bar, the expansive rooftop will feature striking panoramic views of downtown Miami, a fully serviced pool and sun deck, private cabanas, and a state-of-the-art indoor and outdoor fitness lounge. The signature NoMad Library and Lounge, located on the ninth floor, will serve as a secondary resident hub, featuring NoMad-curated experiences and events, ample shared workspaces, and more. Additional on-site highlights include an outdoor theater with a seating lawn and grilling area, 24/7 valet service, and museum-quality art handpicked from the Jorge M. Pérez Collection.

The 329-units within the nine-story building range from 464 to 931 square feet and come standard with high ceilings and floor-to-ceiling sliding glass doors leading out to private balconies. Kitchens will be equipped with premium Bosch appliances, Italian-style cabinetry adorned with brass hardware, and sleek stone countertops. All units will also come fully furnished, with packages curated by DesignAgency. Buyers will also have the option to rent their units to guests, with the expert in-house property management team spearheading check-in and check-out.

The surrounding Wynwood neighborhood – praised as one of the country’s hottest neighborhoods by Tripadvisor and the most walkable area in Miami – frames the property. Residents enjoy easy access to countless office hubs, including a WeWork location, 70+ art galleries and countless street-level murals, trendy boutiques featuring a mix of eclectic and couture fashion, as well as well-known retailers, such as Marine Layer and Warby Parker. The property is also steps from Miami’s most exciting culinary scene, featuring nationally recognized outposts such as KYU, Panther Coffee, Uchi, Zak the Baker and many others.

“There are no compromises here,” says David Edelstein, Principal at Tricap. “Between the unmatched location, The NoMad Bar, Casa Tua, the first-class amenities, and exclusive thoughtful offerings, the NoMad Residences Wynwood sets the standard for all future residential concepts in the area.”

With prices starting in the mid $500,000s, reservations for the NoMad Residences Wynwood are set to begin in April 2022, with groundbreaking targeted for the last quarter of 2022. Fortune Development Sales is the exclusive sales partner.

Images via Related Group

For more information about NoMad Residences Wynwood, private showings or purchasing/ leasing information please fill out the form below:

KUSH Building In Wynwood Sells For $2.6 Million

2003 North Miami Ave., a mixed-use property which is home to longtime Wynwood staple restaurant KUSH, has sold for $2.6 million. The transaction closed on March 25. Matt Kuscher, owner of Kush Property LLC, purchased the property from Michael Lilov. Both sides of transaction were overseen by Devlin Marinoff, Tony Arellano P.A. and David Richman of DWNTWN Realty Advisors.

The two-story mixed-use building totals 7,562 square feet on the highly trafficked North Miami Avenue corridor in Wynwood, which has been experiencing incredible development and corporate relocation activity. The building features three retail spaces and 10 studio apartment units on the second floor.

Kuscher brought his KUSH concept to Wynwood and quickly turned it into a Wynwood staple beloved by burger enthusiasts. KUSH Hospitality took home the coveted People’s Choice Award during the South Beach Wine and Food Festival’s 2021 Burger Bash, an annual competition that draws more than 30 chefs and restaurants from around the country. The gastropub is also a supporter of the neighborhood’s renowned art scene, displaying eye-catching pieces from local artists on its walls.

“Wynwood is entering a new era as a well-rounded professional, residential, dining and entertainment destination,” Marinoff said. “That shift is inspiring a flurry of investment activity. Established local investors are seeking to expand their holdings in Wynwood, while new-to-market players are eager to expand into the neighborhood.”

Wynwood has been a hot market recently as more than 400 businesses have moved into the neighborhood in including Blockchain.com, OpenStore, WeWork, Founders Fund, Spotify, Live Nation, Atomic VC, GAC Financial, Ramp Financial, Schonfeld and others. Currently, more than 3,500 new residential units, 400 hotel rooms and 1 million square feet of office space are in the pipeline. Wynwood’s 50-block district also has one of the most dynamic culinary scenes in the United States with a variety of highly rated restaurants including doma, Omakai, Hiden, Hiyakawa, Momosan, Uchi, Mister 01, Kyu, Bakan, Beaker & Gray and Pastis.

Recent notable transactions include Forte Capital and Sheridan Capital’s flipping 2830 NW Fifth Ave. for $11.2 million just mont’s after acquiring it for $6.35 million from from Alex Karakhanian’s LNDMRK Development. In February Related Group and East End Capital sold Wynwood Annex in February for $49 million and UOVO Storage Deluxe acquired of a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. In August 2021 the Brooklyn-based developer LivWrk acquired a 2.45 acre assemblage for $38.86 million and David Edelstein’s TriStar Capital and RAL Development acquired the final 13,250 SF piece of their 72,000 SF Wynwood assemblage where an office campus is planned for $13 million.

Forte Capital Management Flips Wynwood Industrial Property For $11.2 Million In Off-Market Transaction

Forte Capital, led by Chaim Cahane, and Sheridan Capital have flipped 2830 NW Fifth Ave. in Wynwood for $11.2 million just months after acquiring the industrial property for $6.35 million in December 2021 from Alex Karakhanian’s LNDMRK Development. The buyers are developing an ultra-luxury spec home designed by Kobi Karp on Miami Beach’s Sunset Islands. The off-market cash transaction was brokered by Jordan Karp.

The 14,000 SF property was originally built in 1950 and is currently vacant in raw condition. It features three retail suites spanning, 4,620 SF 3,500 SF and 5,743 SF, the last two of which are combinable. 2830 NW Fifth Ave. sits on 17,160 SF, .39 acre, lot and features private gated parking, high ceilings and quick access to highways. It is walking distance to some of Wynwood’s most notable projects and landmarks, including 545wyn, the Wynwood Building, Love Life Café, Morgan’s and the Wynwood Garage.

Wynwood has been a hot market recently as more than 400 businesses have moved into the neighborhood in including Blockchain.com, OpenStore, WeWork, Founders Fund, Spotify, Live Nation, Atomic VC, GAC Financial, Ramp Financial, Schonfeld and others. Currently, more than 3,500 new residential units, 400 hotel rooms and 1 million square feet of office space are in the pipeline. Wynwood’s 50-block district also has one of the most dynamic culinary scenes in the United States with a variety of highly rated restaurants including doma, Omakai, Hiden, Hiyakawa, Momosan, Uchi, Mister 01, Kyu, Bakan, Beaker & Gray and Pastis.

Recent notable transactions include Related Group and East End Capital selling Wynwood Annex in February for $49 million. Also in February UOVO Storage Deluxe acquired of a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. In August 2021 the Brooklyn-based developer LivWrk acquired a 2.45 acre assemblage for $38.86 million and David Edelstein’s TriStar Capital and RAL Development acquired the final 13,250 SF piece of their 72,000 SF Wynwood assemblage where an office campus is planned for $13 million.

Neocis Establishes New 38K SF Headquarters At 545wyn in Miami's Wynwood Arts District

Neocis, the leader and pioneer in robot-assisted dental implant surgery, has signed a new lease for 38,000 SF of Class A office space at 545wyn in the Wynwood Arts District. The move is scheduled for October 2022 following Neocis’ exponential sales and employee growth since securing U.S. Food and Drug Administration (FDA) market clearance for its Yomi® Robot-Assisted Dental Surgery System in 2016. As the first and only robotic-assisted surgical system cleared by the FDA for dental implant surgery, Yomi has been used to place more than 10,000 dental implants to date and has steadily increased in usage among dental implant surgeons throughout the United States. Since 2016, over 140 dental surgeons have completed cases using Yomi. 

“Miami is an excellent market for business growth and this relocation will provide us with even more space and flexibility to build upon our footprint as a healthcare technology innovator,” said Alon Mozes, PhD, co-founder and CEO of Neocis. “Over 75 Yomi systems have been installed thus far and we expect this number to rise significantly as our employee headcount increases in the new office.” 

The Neocis team currently consists of more than 130 employees. The company made over 60 new hires in 2021 and plans to continue expanding throughout 2022. 

"I was so excited to learn that Neocis was re-committing to the Magic City. Their presence is critical to our expanding healthtech industry, and they are a Miami success story. With $122M+ raised and 100+ employees, they are further proof that you can raise capital, find talent, and scale within our ecosystem.” Said Mayor Francis Suarez 

Dental implant surgery, which has become the standard of care for replacing missing teeth, requires extreme accuracy to avoid critical anatomical structures. Yomi allows the dentist to precisely pre-plan the dental implant procedure and then guides their hand during the surgery according to the pre-operative plan by using haptic robotic feedback. Due to the increased accuracy and digital planning provided by Yomi, dentists are often able to operate with a smaller incision, resulting in less pain and faster recovery for patients.  

JLL Managing Director, Cameron Tallon, represented the tenant, Neocis, in the lease transaction totaling 38,000 square feet. The Blanca Commercial Real Estate team of Juan Ruiz and Randy Carballo represented Sterling Bay, the 545wyn property’s ownership. 

Developed by Sterling Bay and designed by Gensler, 545wyn is Wynwood’s first-ever Class A office and retail property, offering tenants an unmatched suite of exclusive, highly sought-after tenant amenities including a state-of-the-art wellness center, touchless entry technology, indoor/outdoor conference rooms, sweeping outdoor lounges and private balconies. After recently achieving WELL Health-Safety Rating, 545wyn has also achieved RESET Air marking the property as one of the healthiest commercial buildings in Miami. Featuring bold, colorful street art both within the property and on its exterior, 545wyn authentically reflects Wynwood’s vibrancy and embraces its reputation as a hub for innovation and culture. 

Inside 'The Rise of Luxury In The Digital Age' Presented By Time & Tonic, PROFILEmiami & Kobi Karp

On Thursday March 3, Time & Tonic, PROFILEmiami & Kobi Karp hosted ‘The Rise of Luxury In The Digital Age’ panel discussion and cocktail party. Guests thoroughly enjoyed an enriching discussion which explored the rising demand and value in the luxury marketplace including collectors watches, cars, real estate, art, NFT’s, etc. The panel featured vintage supercar dealer John Temerian of Curated, early NFT investor and thought leader Avery Andon of ArtLife® and ArtGrails ™, legendary architect Kobi Karp of Kobi Karp Architecture & Interior Design and watch collector and expert JP Hernandez of Time & Tonic. The panel was moderated by Demetri Demascus of PROFILEmiami and ALTARA Properties. The panelists offered their insights on the booming industries taking over Miami, including real estate, crypto, collector cars and luxury timepieces.

Event attendance was by invitation only and limited to 50 guests, with notable attendees including Ronny Finvarb, Patrick Lee, David Miller, Marco Iacovelli, Ted Taylor and Scott Lawrence Porter, as well as luxury car specialist Stirling Fairman. Additionally hospitality professionals like Abraham Issa and Marine Galy, Crypto industry professionals like Madison Roberts, and Global Women's Advocate Nezah Alaoui.

Time & Tonic is a premium leader in the high-end watch market, bringing a modern and fresh approach to buying, selling, and trading luxury timepieces. Time & Tonic facilitates the consumer shopping journey through their exceptional customer service and digital platform. Visit TimeAndTonic.com. The event was produced in partnership with IHC Agency.

Morabito Properties Launches Leasing At Adaptive Reuse Wynwood Office Development Wyncatcher

As Wynwood continues its rise into one of Miami-Dade’s most desirable office submarkets, Morabito Properties is launching leasing at Wyncatcher, their adaptive reuse project converting an industrial building into a mixed use office development. Morabito Properties has selected JLL and Metro1 to lead leasing at the two story, 47,852 square feet building situated at 2413 NW 1st Ave. in Miami’s Wynwood Arts District. The stand-alone property features office space and restaurant space along with a rooftop terrace with striking views of the Wynwood area.

“Wynwood is one of the most unique and eclectic neighborhoods in America, said Valerio Morabito, CEO of Morabito Properties. “We are happy to be part of an exciting and young community where people and businesses thrive and commit to preserve its artistic, industrial and creative spirit through this building.”

Morabito Properties is led by Valerio Morabito. Known for its modern luxury properties designed by the world’s finest architects, artisans, and craftsmen, Wyncatcher is the developer’s first mixed-use development in the Wynwood neighborhood. JLL Senior Managing Director, Eric Groffman, Managing Director, Cameron Tallon, Vice President, Edward Quinon, and Senior Associate, Emily Brais, will lead leasing efforts in partnership with Andres Nava, Managing Director and Bernadita Banfi, Broker Associate of Metro1 Commercial Real Estate Brokerage on behalf of Morabito Properties.

Wyncatcher is designed by world renowned Arquitectonica, the unique building, sports elegant double-height, industrial-style windows that bathe the interior in natural light. Space configurations for office tenants are flexible, ranging from 3,976 square feet to 37,427 square feet. The restaurant space features 6,861 square feet of outdoor space as well as 6,051 square feet of interior space.

Wynwood has been a hot market recently as more than 400 businesses have moved into the neighborhood in including Blockchain.com, OpenStore, WeWork, Founders Fund, Spotify, Live Nation, Atomic VC, GAC Financial, Ramp Financial, Schonfeld and others. Currently, more than 3,500 new residential units, 400 hotel rooms and 1 million square feet of office space are in the pipeline. Wynwood’s 50-block district also has one of the most dynamic culinary scenes in the United States with a variety of highly rated restaurants including doma, Omakai, Hiden, Hiyakawa, Momosan, Uchi, Mister 01, Kyu, Bakan, Beaker & Gray and Pastis.

Recent notable transactions include Related Group and East End Capital selling Wynwood Annex in February for $49 million. Also in February UOVO Storage Deluxe acquired of a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. Forte Capital and Sheridan Capital’s acquired of 2830 NW Fifth Ave. from Alex Karakhanian’s LNDMRK Development for $6.35 million, which they plan to reposition into creative offices. In August 2021 the Brooklyn-based developer LivWrk acquired a 2.45 acre assemblage for $38.86 million and David Edelstein’s TriStar Capital and RAL Development acquired the final 13,250 SF piece of their 72,000 SF Wynwood assemblage where an office campus is planned for $13 million.

Wynwood Annex Sells For $49 Million To New-To-Miami-Market San Francisco-Based Buyer

Related Group and East End Capital have sold Wynwood Annex for $49 million to a new-to-market San Francisco-based buyer Brick & Timber Collective. The transaction was overseen by DWTNWN Realty Advisors Co-Founders Devlin Marinoff and Tony Arellano P.A., who represented both the buyer and the seller. The milestone transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market and represents the culmination of many years of organic, artistic and eclectic development efforts in Wynwood led by many shareholders with vision and grit inspired by visionaries like Tony Goldman.

Related Group and East End Capital developed Wynwood Annex and retailed DWNTWN Realty Advisors to lead the marketing and lease-up efforts, stabilizing over 60,000 square feet of rentable office area within six months to 100% occupancy, with landmark tenants all new-to-market.

Following the successful lease-up effort Wynwood Annex attracted unsolicited offers from investors from all over the country. DWNTWN ran an off-market process and connected with a new-to-market buyer, Brick & Timber Collective, who closed the approximately $49 million sale.

“Typically, we see relocations from within the city as the majority of tenants play musical chairs,” Lerner said. “In this cycle our firm took advantage of changing fundamentals and with our feet on the ground, led the charge outpacing competitive office towers in Miami, pushing Wynwood as the go-to creative office district.”

“We are honored and grateful to be a participant in Wynwood over the past 16 years. We are excited to see Wynwood become the go-to neighborhood for technology and modern finance,” Arellano said. “Wynwood Annex is the perfect fit for this San Francisco-based buyer’s debut investment in our market. DWNTWN is grateful to investors like Brick & Timber Collective for adding value to our market, community and the Greater DWNTWN Miami Area.”

Wynwood has been a hot market recently as more than 400 businesses have moved into the neighborhood in including Blockchain.com, OpenStore, WeWork, Founders Fund, Spotify, Live Nation, Atomic VC, GAC Financial, Ramp Financial, Schonfeld and others. Recent notable transactions include UOVO Storage Deluxe’s acquisition of a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. Forte Capital and Sheridan Capital’s acquisition of 2830 NW Fifth Ave. from Alex Karakhanian’s LNDMRK Development for $6.35 million, which they plan to reposition into creative offices. In August 2021 the Brooklyn-based developer LivWrk acquired a 2.45 acre assemblage for $38.86 million and David Edelstein’s TriStar Capital and RAL Development acquired the final 13,250 SF piece of their 72,000 SF Wynwood assemblage where an office campus is planned for $13 million.

Core Wynwood Development Site Sells For $11.5 Million

UOVO Storage Deluxe has acquired a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. The buyer was represented by Jordan Karp and the seller was represented by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors. 330 NW 29th Street is currently two fully occupied buildings leased as creative office space spanning 10,939 SF. The 21,000 SF lot is zoned T6-8-0 and is primed for a hotel or office project.

Wynwood has been a hot market recently as more than 400 businesses have moved into the neighborhood in including Blockchain.com, OpenStore, WeWork, Founders Fund, Spotify, Live Nation, Atomic and others. Recent notable transactions include Forte Capital and Sheridan Capital’s acquisition of 2830 NW Fifth Ave. from Alex Karakhanian’s LNDMRK Development for $6.35 million, which they plan to reposition into creative offices. In August 2021 the Brooklyn-based developer LivWrk acquired a 2.45 acre assemblage for $38.86 million and David Edelstein’s TriStar Capital and RAL Development acquired the final 13,250 SF piece of their 72,000 SF Wynwood assemblage where an office campus is planned for $13 million.

Leading Crypto Firm Blockchain.com Signs Lease At Tricera Capital and LNDMRK Development's Cube Wynwd

Leading crypto firm Blockchain.com has finalized a lease to occupy the top two floors of Tricera Capital and LNDMRK Development’s Cube Wynwd as its new Miami office. The ~22,000-square-foot lease brings Cube Wynwd to full occupancy less than 10 months after Tricera and LNDMRK acquired the Class A, 100,000-square-foot office and retail building. The deal also gave Blockchain.com naming rights for the building. Blockchain.com, one of the most widely used consumer crypto products and the leading institutional solutions provider, will soon begin designing its permanent office on the seventh and eighth floors.

Danet Linares, Tere Blanca and David Valdez of Blanca Commercial Real Estate, Inc. represented Blockchain.com in the Cube Wynwd lease. JLL’s Eric Groffman, Cameron Tallon and Edward Quinon represented Tricera and LNDMRK.

“We are thrilled to welcome Blockchain.com to Cube Wynwd and the Wynwood neighborhood,” said Tricera Co-Founder and Managing Principal Ben Mandell. “Blockchain.com’s leadership shares our long-term belief in Wynwood, which still has vast potential on top of the incredible growth and activity that has already occurred.”

In 2021, Blockchain.com announced its intentions to relocate its national headquarters from New York to Miami and aggressively hire throughout the local Miami job market. It also committed to make a significant investment to support the South Florida STEM community.

“As Miami solidifies its status as a mecca for crypto, we couldn’t be more excited to announce the location for planting our permanent roots in the city,” said Peter Smith, Blockchain.com CEO. “The speed at which our business is growing matches that of Wynwood and Miami itself, creating the perfect backdrop for us to continue scaling worldwide from our very own Blockchain.com building.”

Tricera and LNDMRK purchased Cube Wynwd, which also includes ground-floor retail space and a verdant rooftop terrace occupied by popular Japanese restaurant Kissaki, in an April 2021 off-market transaction. The 222 NW 24th St. Cube Wynwd, the neighborhood’s first boutique office-over-retail building, was just ~35% occupied at the time of Tricera and LNDMRK’s acquisition.

The joint venture partners rapidly stabilized the building with a compelling mix of tenants, including Ecuadorean fintech firm Kushki, Shaolin Capital Management, Brazilian footwear manufacturer Grendene, office supply and furniture online retailer Poppin, tech firm Transmit, and more.

Coworking operator Spaces occupies about 30% of the office space and about 1,700 square feet of the retail space in Cube Wynwd’s lobby. Renowned chef Gabriele Bonci’s Rome-based Bonci Pizza and Mini Market are among the existing retail tenants. The building features loft-style office space with expansive floorplates.

“Cube Wynwd is a case study for how we identify off-market opportunities and move quickly to execute our hands-on ownership approach,” Tricera Co-Founder and Managing Principal Scott Sherman. “We are proud of the building’s dynamic tenant roster, with Blockchain.com joining numerous new-to-market companies. Wynwood will continue to experience intense corporate relocation demand from the technology and finance sectors.”

Tricera and LNDMRK are frequent collaborators on real estate investments and developments. The companies are partnering with The Related Group to develop The Dorsey, a 12-story apartment building with a parking garage and nearly 95,000 square feet of office and retail space on a former Coca-Cola plant in Wynwood.

Image via Richard Novak